Business

Hotel Zrmanja in Obrovac is a small hotel with 27 rooms and 2 apartments, it was last renovated twelve years ago. As Marija Crnjak/Poslovni Dnevnik writes on the 18th of January, 2020, after nobody had volunteered for the purchase of Hotel Zrmanja in Obrovac in the three rounds of public auction, on January the 14th, the fourth round of the auction started, with a starting price of only one kuna, but this time the Town of Obrovac, which will participate in the bidding, is ready to offer up to 2 million kuna for the facility. It is a small hotel…

As Novac writes on the 17th of January, 2020, the owners of the Arena Zagreb centre, the South African investment fund New Europe Property Investments (NEPI) has bought Delta City's Podgorica (Montenegro) and Belgrade (Serbia) shopping malls after more than half a year of complicated negotiations. According to Blic.rs, this is not the first change in ownership of these particular shopping centres. Four years ago, a second South African investment fund, Hyprop Investment, which also owns City Centre One East and West in Zagreb, purchased it for 202.8 million euros from well known Serbian businessman Miroslav Miskovic. Of the total,…

ZAGREB, January 17, 2020 - Croatia is this year's partner country of the International Green Week in Berlin, the world's biggest fair for food, agriculture and horticulture, and the event, which is taking place at the Berlin Exhibition Grounds until 24 January, was formally opened on Thursday. On that occasion Prime Minister Andrej Plenković promised to see to it that farmers could be better treated in the new multiannual budget of the European Union. He recalled that the negotiations on the Multiannual Financial Framework are under way. Earlier on Thursday, Plenković and German Chancellor Angela Merkel discussed the coordination of…

ZAGREB, January 16, 2020 - The government decided on Thursday to provide a state guarantee for a 300 million kuna loan for the Đuro Đaković metal and mechanical engineering group Đuro Đaković Special Vehicles and Đuro Đaković Industrial Solutions. Prime Minister Andrej Plenković said the guarantee was being provided because the company was important for Brod-Poslavina County and its "stumbling" would affect the county's economic and social situation. Đuro Đaković has four subsidiaries and employs about 850 people, he said, adding that the European Commission had been notified. "With this decision, we are giving Đuro Đaković a chance and will…

 January 15, 2020 - The star of the 2019 Croatian conference season as back, as Entrepreneurial Mindset announces its 2020 edition in Zagreb in September.   There are not many conferences you go to where the American Ambassador addresses the audience about that time he lost US$ 4 million in a business deal. A deal that taught him a lot.  It was one of the many stories of failure told at last year's inaugural Entrepreneurial Mindset conference in Zagreb, which brought together some of Croatia's most successful entrepreneurs, as well as the American and Israeli ambassadors, for an inspiring day of…

ZAGREB, January 15, 2020 - 2019 was the best year yet for the Croatian tourism industry, with nearly 21 million arrivals and 108.6 million overnight stays, up by 5% and 2.4% respectively, while 2020 is expected to see a continuation of positive trends, with tourist turnover increasing by 3-5%, Tourism Minister Gari Cappelli told a press conference on Tuesday. Cappelli said he expected total revenues to have increased by up to 8%, but added that exact figures would be released by the central bank at the end of March. "Based on the data for the first nine months of 2019,…

ZAGREB, January 13, 2020 - The European Bank for Reconstruction and Development (EBRD) has granted a 100-million-euro loan to Erste Bank Croatia (EBC) for on-lending to private hospitality enterprises in Croatia and Montenegro to expand their businesses through sustainable investments in hotels and other tourism operations, EBC said on Monday. EBC noted that it was the first financial institution to receive a credit line under the EBRD Inclusive Tourism Framework for the Eastern Mediterranean. The framework presents a holistic approach to tourism financing, focusing on a wider, faster and more systemic impact on tourism and related sectors. It aims to…

The interest in deeper cooperation between Croatia and nearby Albania lies mostly in energy, mechanical engineering, electrical industry, construction, and Croatian exports to Albania are on the up. As Poslovni Dnevnik/Marija Brnic writes on the 13th of January, 2020, one of the countries with which Croatia is experiencing strong growth in economic co-operation is Albania, and their Economy and Finance Minister Anila Denaj is on an official visit to Zagreb today. She will talk with Croatian Economy Minister Dark Horvat, accompanied by businessmen, who will participate in the Croatian-Albanian Economic Forum, which will be held at the Croatian Chamber of…

ZAGREB, January 13, 2020 - In 2019, 62,938 new passenger vehicles were sold in Croatia, 4.8 percent more than in 2018, while 4,022 new cars were sold just in December, skyrocketing by 66.7 percent in comparison with December 2018, the Promocija Plus market research company has recently stated. The best seller in 2019 was Volkswagen, with 8,481 new cars sold and a 13.5 percent market share. The runner up was Skoda, with 5,873 vehicles sold and 9.3 percent market share, while Renault took up third place with 5,807 vehicles sold and 9.2 percent market share. Last year, Opel sold 5,291…

As Korana Sutlic/Novac writes on the 12th of January, 2020, the Garešnica Techno Park is designed as a building that offers a large number of independent office spaces that companies and individuals can rent and customise to suit their needs. It was built at the initiative of the Town of Garešnica in order to enable the residents, as well as other interested parties, to develop the local business climate and is the work of the company 3E projects d.o.o. The aim of the Techno Park is to encourage the development of entrepreneurship, and the construction of this facility has allowed…